Dimensional Fund Advisors LP Has $176.74 Million Stake in Global Payments Inc. $GPN

Dimensional Fund Advisors LP grew its position in Global Payments Inc. (NYSE:GPN) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,126,628 shares of the business services provider’s stock after buying an additional 8,952 shares during the quarter. Dimensional Fund Advisors LP owned 0.90% of Global Payments worth $176,744,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Global Payments by 0.6% in the third quarter. Vanguard Group Inc. now owns 23,542,460 shares of the business services provider’s stock valued at $1,955,908,000 after acquiring an additional 149,441 shares during the last quarter. Glenview Capital Management LLC lifted its stake in Global Payments by 13.8% during the second quarter. Glenview Capital Management LLC now owns 4,316,892 shares of the business services provider’s stock worth $345,524,000 after purchasing an additional 523,209 shares during the last quarter. Norges Bank acquired a new stake in shares of Global Payments in the 2nd quarter valued at $273,844,000. Massachusetts Financial Services Co. MA increased its stake in shares of Global Payments by 5.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,070,960 shares of the business services provider’s stock valued at $165,760,000 after purchasing an additional 98,815 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Global Payments by 1.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,649,083 shares of the business services provider’s stock valued at $131,993,000 after purchasing an additional 24,795 shares during the last quarter. Institutional investors own 89.76% of the company’s stock.

Insider Transactions at Global Payments

In other news, EVP David M. Sheffield sold 2,016 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $81.41, for a total transaction of $164,122.56. Following the completion of the transaction, the executive vice president directly owned 14,438 shares of the company’s stock, valued at $1,175,397.58. This represents a 12.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert H. B. Baldwin, Jr. purchased 10,392 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were bought at an average price of $81.42 per share, with a total value of $846,116.64. Following the purchase, the director owned 59,303 shares in the company, valued at $4,828,450.26. The trade was a 21.25% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GPN. UBS Group restated a “neutral” rating and set a $87.00 price objective (up from $80.00) on shares of Global Payments in a research report on Thursday, February 19th. Wells Fargo & Company increased their target price on shares of Global Payments from $103.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. TD Cowen restated a “hold” rating on shares of Global Payments in a research note on Thursday, February 19th. Cantor Fitzgerald reiterated a “neutral” rating and set a $88.00 price objective (up from $80.00) on shares of Global Payments in a research report on Monday, February 23rd. Finally, BNP Paribas Exane increased their price objective on shares of Global Payments from $73.00 to $76.00 and gave the company an “underperform” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $91.36.

Global Payments Trading Down 2.1%

NYSE:GPN opened at $74.83 on Tuesday. Global Payments Inc. has a 52 week low of $65.93 and a 52 week high of $100.56. The firm has a 50-day moving average price of $75.21 and a two-hundred day moving average price of $79.86. The firm has a market cap of $20.94 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 0.42 and a beta of 0.73. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.69 and a current ratio of 1.69.

Global Payments (NYSE:GPN) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $0.02. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. Global Payments had a return on equity of 12.72% and a net margin of 16.92%.Global Payments’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the business posted $2.85 earnings per share. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. On average, equities analysts expect that Global Payments Inc. will post 11.89 earnings per share for the current fiscal year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 9th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.00 annualized dividend and a yield of 1.3%. Global Payments’s payout ratio is currently 17.27%.

About Global Payments

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.